XAUUSD GOLD

Gold / U.S. DollarFOREX.com

Description

⋅ May 17, 2021 12:29 PM

GOLD reched 60% retracment, and the is clear divergance on the RSI on the hourly chart and the 4 hour char. i think its time to fall.

Trend Analysis XAUUSD

Comments

BelgiumBagel

⋅ May 17, 2021 12:48 PM

why 60?

nkqahah

⋅ May 17, 2021 12:55 PM

@BelgiumBagel, most of the time i use50% and 60% fibo retracment, to sell on the down trend and to buy on the uptrend and it giving me good results, of course not 100% but am satisfied with the results I have.

BelgiumBagel

⋅ May 21, 2021 11:56 PM

@nkqahah, thank you for the detailed reply!